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Flexible Funds

These options allow you or your clients to establish their own funds to support charitable organizations that they recommend to the Foundation's board.

Options including pooling their gifts with others, using funds designated to support public education, cultural arts, neighborhood improvement, and other fields of interest.

Other ways that you can put your assets to work include establishing funds to benefit a specific agency or program or by supporting the community trust funds that allow CACF to respond to the ever-changing opportunities in our community.

Professionals advisors and planners should look at these resources including forms and specific language used.
:: Professionals Resources

Unrestricted Funds

When you establish an unrestricted fund, your gift can address a broad range of local needs, including future needs that often cannot be anticipated at the time your gift is made. The flexibility of your unrestricted gift allows the community foundation’s board to respond to the community’s most pressing needs and opportunities. These permanent endowments provide an essential pool of charitable capital.

Testimonial
A Living Legacy. CACF founder Fred Richard was a well-respected accountant and a supporter of many of Montgomery’s cultural arts programs.
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Field-of-Interest Funds

Establishing a field-of-interest fund allows you to target your gift to address an area of community life or an issue of concern, such as children, education, or senior citizens. CACF’s board awards grants to organizations and programs that are making a difference in the area you select.   A fund may be open-ended to accept additional gifts from others who share similar interests.

Example
Montgomery Public School Endowment.  Supporting public education is essential to a healthy community. Hundreds of individuals have made gifts to this endowment, which makes grants to support students and teachers.
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Donor Advised Funds

Establishing a donor advised fund allows you to make a gift to your community foundation, then remain actively involved in suggesting uses for your gift.  These flexible funds for individuals and business are ideal for satisfying a range of community interest, and are typically less costly and easier to administer than other forms of giving, such as private or corporate foundations.

Testimonial
Matching maximum tax benefits to donors’ desires.  When local businessman Todd Strange sold his successful car dealership, he wanted to put aside some of the proceeds for charitable purposes.
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Restricted Funds

Establishing a restricted fund allows you to support the good work of a specific nonprofit organization – a senior center, museum, or social service agency.  Your gift provides more than just funding – your favorite organization will benefit from your community foundation’s investment stewardship.   CACF regularly reviews designated charities to ensure each continues to serve the purposes and functions the donors wish to support.

Testimonial
Judy Bryan’s mother was always a strong supporter of the Meals-On-Wheels program of the Montgomery Area Council on Aging.
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Scholarship Funds

Establishing a scholarship fund is an investment in the future.  Your gift can help students achieve their educational goals, while honoring a parent or loved one. You may create a scholarship for students from a particular school, for those attending a specific college or enrolled in a specific area of study.  The Foundation handles the application process and oversees distribution of the awards.

Testimonial
Mr. Roger Santee believed that deserving youth should have the means to attend college, especially youth whose family situations had been less than ideal.
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